On the Feasibility of a Bi-National Bond Financing Mechanism for Strategic Border Infrastructure: Reviewing the U.S. and Mexican Legal Frameworks
There is a growing gap between infrastructure needs and available funding along the U.S.-Mexico border. A recent proposal to address the situation calls for the creation of a bi-national mechanism of bond financing to enable sub-national governments from both countries to issue bonds jointly. Creati...
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| Format: | Article |
| Language: | English |
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Universidad Nacional Autónoma de México
2012-12-01
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| Series: | Norteamérica |
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| Online Access: | https://www.revistanorteamerica.unam.mx/index.php/nam/article/view/167 |
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| _version_ | 1850190183718191104 |
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| author | Salvador Espinoza José Mojica |
| author_facet | Salvador Espinoza José Mojica |
| author_sort | Salvador Espinoza |
| collection | DOAJ |
| description | There is a growing gap between infrastructure needs and available funding along the U.S.-Mexico border. A recent proposal to address the situation calls for the creation of a bi-national mechanism of bond financing to enable sub-national governments from both countries to issue bonds jointly. Creating the legal infrastructure to attain this goal requires an evaluation of key aspects of existing regulations. It also calls for a discussion of the feasibility of regulatory harmonization. This article compares bond issuance rules and investor protection mechanisms in both countries and discusses how these differences may affect the viability of a bi-national bond mechanism. |
| format | Article |
| id | doaj-art-ce65a7ea5f30425b9efb732e5636a6df |
| institution | OA Journals |
| issn | 1870-3550 2448-7228 |
| language | English |
| publishDate | 2012-12-01 |
| publisher | Universidad Nacional Autónoma de México |
| record_format | Article |
| series | Norteamérica |
| spelling | doaj-art-ce65a7ea5f30425b9efb732e5636a6df2025-08-20T02:15:23ZengUniversidad Nacional Autónoma de MéxicoNorteamérica1870-35502448-72282012-12-017210.22201/cisan.24487228e.2012.2.167On the Feasibility of a Bi-National Bond Financing Mechanism for Strategic Border Infrastructure: Reviewing the U.S. and Mexican Legal FrameworksSalvador Espinoza0José Mojica1CIDE; San Diego State University's School of Public AffairsSan Diego State UniversityThere is a growing gap between infrastructure needs and available funding along the U.S.-Mexico border. A recent proposal to address the situation calls for the creation of a bi-national mechanism of bond financing to enable sub-national governments from both countries to issue bonds jointly. Creating the legal infrastructure to attain this goal requires an evaluation of key aspects of existing regulations. It also calls for a discussion of the feasibility of regulatory harmonization. This article compares bond issuance rules and investor protection mechanisms in both countries and discusses how these differences may affect the viability of a bi-national bond mechanism.https://www.revistanorteamerica.unam.mx/index.php/nam/article/view/167U.S.-Mexicoborder infrastructuresub-sovereign bond marketsregulatory harmonization. |
| spellingShingle | Salvador Espinoza José Mojica On the Feasibility of a Bi-National Bond Financing Mechanism for Strategic Border Infrastructure: Reviewing the U.S. and Mexican Legal Frameworks Norteamérica U.S.-Mexico border infrastructure sub-sovereign bond markets regulatory harmonization. |
| title | On the Feasibility of a Bi-National Bond Financing Mechanism for Strategic Border Infrastructure: Reviewing the U.S. and Mexican Legal Frameworks |
| title_full | On the Feasibility of a Bi-National Bond Financing Mechanism for Strategic Border Infrastructure: Reviewing the U.S. and Mexican Legal Frameworks |
| title_fullStr | On the Feasibility of a Bi-National Bond Financing Mechanism for Strategic Border Infrastructure: Reviewing the U.S. and Mexican Legal Frameworks |
| title_full_unstemmed | On the Feasibility of a Bi-National Bond Financing Mechanism for Strategic Border Infrastructure: Reviewing the U.S. and Mexican Legal Frameworks |
| title_short | On the Feasibility of a Bi-National Bond Financing Mechanism for Strategic Border Infrastructure: Reviewing the U.S. and Mexican Legal Frameworks |
| title_sort | on the feasibility of a bi national bond financing mechanism for strategic border infrastructure reviewing the u s and mexican legal frameworks |
| topic | U.S.-Mexico border infrastructure sub-sovereign bond markets regulatory harmonization. |
| url | https://www.revistanorteamerica.unam.mx/index.php/nam/article/view/167 |
| work_keys_str_mv | AT salvadorespinoza onthefeasibilityofabinationalbondfinancingmechanismforstrategicborderinfrastructurereviewingtheusandmexicanlegalframeworks AT josemojica onthefeasibilityofabinationalbondfinancingmechanismforstrategicborderinfrastructurereviewingtheusandmexicanlegalframeworks |